Yokohama revised projections result in more income
Yokohama Rubber Co. Ltd. has revised its projections for consolidated earnings in the interim fiscal period from April 1 to Sept. 30, 2007.
Operating income increases by more than three times over previous-year levels to 12.5 billion yen.
"The company’s projection of a 13.3% increase in net sales to 252 billion is unchanged from the earlier projection," say Yokohama officials.
"Occasioning the upward revision in projected profitability were stronger-than-expected sales growth in markets outside Japan, improvements in the structure of earnings in Yokohama’s North American tire operations, and the weaker-than-expected yen.